Allen Training Associates Limited
Allen Training Associates Limited
Registered number: SC272119
Unaudited Financial Statements
For the Period
1 September 2021
to
28 February 2023
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Allen Training Associates Limited
Unaudited Financial Statements
For the Period
1 September 2021
to
28 February 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Page 1
Allen Training Associates Limited
Balance Sheet
As At
28 February 2023
Balance Sheet
Registered number:
SC272119
For the period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 28 February 2023 | 31 August 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Stocks | 5 |
|
|
||
| Debtors | 6 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 7 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
|||
| Creditors: Amounts Falling Due After More Than One Year | 8 |
|
( |
||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | - |
( |
|||
| NET LIABILITIES |
( |
( |
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
|
|
||
| Profit and Loss Account |
( |
( |
|||
| SHAREHOLDERS' FUNDS | (22,022) | (21,362) | |||
Page 1
Page 2
Allen Training Associates Limited
Balance Sheet (continued)
As At
28 February 2023
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Allen Training Associates Limited
Notes to the Financial Statements
For the Period
1 September 2021
to
28 February 2023
Notes to the Financial Statements
1.
General Information
Allen Training Associates Limited
is a private company, limited by shares, incorporated in Scotland, registered number
SC272119
. The registered office is The Walled Garden, South Building, Bush Estate, Edinburgh, Midlothian, EH26 0SD.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The directors believe that the going concern basis is no longer appropriate as the company ceased trading on 28th February 2023.
2.3.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
|
2.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2021: NIL)
Page 3
Page 4
Allen Training Associates Limited
Notes to the Financial Statements (continued)
For the Period
1 September 2021
to
28 February 2023
4.
Tangible Assets
| Plant & Machinery | |
|---|---|
| £ | |
| Cost | |
| As at
|
|
| Disposals |
( |
| Depreciation | |
| As at
|
|
| Disposals |
( |
| As at
|
|
| Net Book Value | |
| As at
|
|
| As at
|
|
5.
Stocks
| 28 February 2023 | 31 August 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Work in progress |
|
|
|
|
|
|
||
6.
Debtors
| 28 February 2023 | 31 August 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | 326 | 5,526 | |
|
|
|
||
7.
Creditors: Amounts Falling Due Within One Year
| 28 February 2023 | 31 August 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Other creditors | 26,785 | 27,594 | |
| Taxation and social security |
|
|
|
|
|
|
||
Page 4
Page 5
Allen Training Associates Limited
Notes to the Financial Statements (continued)
For the Period
1 September 2021
to
28 February 2023
8.
Creditors: Amounts Falling Due After More Than One Year
| 28 February 2023 | 31 August 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
|
|
|
||
9.
Share Capital
| 28 February 2023 | 31 August 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Allotted, Called up and fully paid |
|
|
|
10.
Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
11.
Ultimate Controlling Party
The company's ultimate controlling party is
Madeleine Ravetta
by virtue of her ownership of 85% of the issued share capital in the company.
Page 5